The Arkansaw traveler., 1887-09-17
MONEY FOR ALL.
Atlanta Ga ) Journal.

Mir. Pickett, the able representative from the county of Worth, has given much careful thought and laborious study to the financial system of the United States, and has evolved a plan which he thinks will give relief. To begin with, Dr. Pickett has noted the fact, as great many others of us have done, that there few men in this boasted republic of ours (wherein it is considered all important that every one should be free and equaD who are growing enormously rich, while the great majority continue poor and struggle to make the 1.-two ends' lap just little. The doctor thinks the proper legislation will relieve this distressing situation, at least to some extent, and stop the concentration of all wealth in the hands of few.
 To this end he introduced into the house ofrepresentatives the following resolution:
 Whereas, by the experience of over twenty V .ars it has been demonstrated that the financial policy of the general government, as pursued by the na- tional bank system, has been a failure, and has resulted in making the few richer and the masses poorer :; therefore be it .,..
 Resolved by the House of Repre- sentatives, the senate concurring, and it is hereby resolved by the authority of the same, that joint committee be appointed, to consist of three from the senate and six from the house of rep resentatives, to frame an address to the senators and representatives in congress, to-wit:
 A memorial to the senators and rep resentativcs in congress from Georgia, to introduce and take such measures as may expedite the passage of bill in congress to establish national financial system, of which real estate shall be the basis.
 One of the JoWWM staff had talk with the representative from Worth for the purpose of obtaining his views in full. The doctor said he had for a long time been desirous of doing somc- thing for the farmers. They have only their lands and stock, and these form no basis of credit with the banks. Now, the great want of this country is money, and how to obtain it is the problem that should claim the attcn- tion of all wise legislators.
 "What is your scheme?" was asked.
 "Why, sir, just this; The currency or circulating medium of the country should be in proportion to the popu- lation, so much per capita. The gov ernor of each state, knowing the pop ulation of his state, Should make a requisition on the general government for the proportionate share of the cur rency, legal tenders, issued by the government"
 "IIow would you distribute it then?" was asked.
 "Oh. that would be easy enough" said the doctor. "The governor or legislature can arrange to distribute the money to the various counties for instance sending it to the ordinary to be loaned out on real estate as se- curity.
 "ln this way farmers can get money at reasonable rate of interest on their farms as security. The one thing I would insist on is that the circulating medium of the county should be per capita. The money sharks and wreck CTS would be defeated in their schemes to accumulate all the money in their own hands, loaning it at usurious rates and on such security as they may choose"
 The Joamoi may not have given the doctors exact language, but the substance is correctly reported.
 The resolution came up for consid- eration in the house a few days ago, and Dr. Pickett made strong speech in it's advocacy. The house could hardly have understood the question, for, on motion, the resolution was laid on the table.